According to the Ministry of Finance, as of March 1 over ₴1.84T in government bonds were in circulation, while the investment volume by legal entities and individuals for the year climbed by 33% to ₴267B ($6.4B). The largest proportion of government bonds is held by commercial banks (46.6%) and the National Bank of Ukraine (36.8%). The share of legal entities and individuals in the total volume of government bonds increased, now at 10.1% and 4.4%, respectively, as of the beginning of March 2025 (compared to March 2024 – 8.9% and 3.6%, respectively). The share held by non-residents is 1.1%, insurance companies 1%, and territorial communities 0.02%.
Additionally, in February 2025 the Ministry of Finance raised ₴26.4B through the issuance of government bonds. The weighted average yield of securities denominated in hryvnia in February was 16.01%, while in dollars, it was 4.54%. In total, during martial law the Ministry of Finance has raised nearly ₴1.5T in equivalent from the issuance of government bonds.